Restructuring and Severance

9 Months Ended

Sep. 30, 2017

Restructuring And Related Activities [Abstract]

10. Restructuring and Severance

In the first quarter of 2016, the Company implemented a worldwide restructuring plan designed to refocus the Company’s resources on its core business segments, including physical access and transponders, and to consolidate its operations in several worldwide locations. The restructuring plan included reducing the Company’s non-manufacturing employee base, reallocating overhead roles into direct business activities and eliminating certain management and executive roles. In the third quarter of 2017, the Company recorded a credit resulting from actual expenditures being less than originally accrued. In the nine months ended September 30, 2016, the Company incurred restructuring and severance costs of $3.1 million.

All unpaid restructuring and severance accruals are included in other accrued expenses and liabilities within current liabilities in the condensed consolidated balance sheets at September 30, 2017 and December 31, 2016. Restructuring and severance activities during the nine months ended September 30, 2017 and 2016 were as follows (in thousands):

	Nine Months Ended September 30,
	2017			2016
Balance at beginning of period	$	237		$	633
Restructuring expense incurred for the period		(49	)		3,100
Payments and non-cash item adjustment during the period		(188	)		(3,246	)
Balance at end of period	$	—		$	487